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Thu 12 Jan 2017 09:48 AM

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Kingdom Holding confirms flynas deal to buy Airbus aircraft worth $8.6 billion

Airbus finalised a deal to sell more than 60 jets to flynas – said to be the narrow body A320neo

Kingdom Holding confirms flynas deal to buy Airbus aircraft worth $8.6 billion
Airbus finalised a deal to sell more than 60 jets to flynas – said to be the narrow body A320neo

Saudi Arabia's flynas has struck a deal with Airbus to buy planes worth $8.6 billion, Kingdom Holding ,which owns 34.1 percent of the budget carrier, said on Wednesday.

Airbus finalised a deal to sell more than 60 jets to flynas, industry sources told Reuters on Tuesday, with one adding that the order was expected to cover more than 60 A320neo narrow body planes.

Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, did not specify how many or which model of aircraft flynas had purchased, but it added that the first batch will be received early in 2018.

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